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Daily GBP AUD Trading: Pound Appreciates despite Mixed UK Stats

10 Oct 2017 at 12 PM - Written by Ben Hughes

On Monday’s trading session, the Pound advanced against the Australian Dollar from an opening exchange rate of 1.6827 to close around 1.6935 at the end of the day. This was positive movement in the GBP AUD exchange rate, but wasn't good enough to touch the early-October high of 1.7101. GBP AUD Exchange Rate Update: Pound Weakened by Poor Trading Data Although the Pound has made a small advance against the Australian...

CATEGORIES: Pound Australian Dollar Forecasts

Pound US Dollar Exchange Rate Recovers Ground Despite Continued Political Risk

9 Oct 2017 at 4 PM - Written by Tim Boyer

After seeing considerable weakness over the course of the last week the Pound US Dollar exchange rate was able to recover some of its losses on Monday. In large part this was thanks to a temporary easing in political uncertainty, with a leadership challenge to Theresa May still yet to properly materialise. As Viraj Patel, foreign exchange strategist at ING, commented: ‘Talk of a Cabinet reshuffle dominated the weekend...

CATEGORIES: Pound Dollar Forecasts

GBP AUD Exchange Rate Jumps as Political Jitters Abate

9 Oct 2017 at 2 PM - Written by John Cameron

The Pound Australian Dollar (GBP AUD) exchange rate rebounded sharply this morning as fears of a potential leadership challenge against Theresa May receded over the weekend. Pound (GBP) Rallies as Political Uncertainty Retreats Sterling trended higher at the start of this week’s session as market confidence in Theresa May appeared to have quickly recovers after plummeting last week in the face of growing criticism and...

CATEGORIES: Pound Australian Dollar Forecasts

GBP USD Exchange Rate Under Pressure Ahead of US Payrolls Data

6 Oct 2017 at 10 AM - Written by Frank Davies

Although the Halifax house price index bettered expectations in September this was not enough to shore up the Pound US Dollar exchange rate ahead of the weekend. Confidence in Sterling has remained distinctly limited in the wake of Theresa May’s poorly received Conservative Party conference speech, with rumours of a leadership challenge swirling. As the Tories look no closer to unifying once again the political outlook for...

CATEGORIES: Pound Dollar Forecasts

Hawkish Statements from Fed’s Powell Push US Dollar to Pound Rate Higher

5 Oct 2017 at 3 PM - Written by David Woodsmith

On Wednesday, the US Dollar advanced slightly against the Pound, from a starting rate of 0.7539 to close at 0.7556. US Dollar Advances after Trio of Fed Speeches Three Federal Reserve officials have recently spoken, facilitating a clear US Dollar to Pound rise. The USD GBP exchange rate has risen by as much as 0.7%, thanks to general optimism among traders. The most cautious of the recent speakers has been John...

CATEGORIES: Dollar Pound Forecasts

Euro Pound Exchange Rate Regains Ground as Doubts Grow Over Imminent BoE Rate Hike

5 Oct 2017 at 2 PM - Written by Ben Hughes

As markets reacted poorly to Theresa May’s fraught Conservative Party conference speech the Euro Pound exchange rate made solid gains. Although ministers have been quick to rally around May in the wake of the less-than-triumphant speech the Pound remains under pressure from a sense of political jitters, particularly as Brexit-based uncertainty is still clouding the domestic outlook. On the other hand, the Euro has also...

CATEGORIES: Euro Pound Forecasts

GBP NZD Slides on Disappointing S&P Assessment of UK Economy

5 Oct 2017 at 2 PM - Written by John Cameron

The Pound New Zealand Dollar exchange rate fell today on the threat of a possible Conservative leadership challenge and a disappointing assessment of the UK’s economy by ratings agency Standard & Poor’s (S&P). S&P Insists UK Economy Not Strong Enough to Warrant Rate Hike – GBP Stumbles The S&P ratings agency has asserted that it is sceptical that the Bank of England (BoE) will be able to justify a rate hike following...

CATEGORIES: Currency Predictions Pound New Zealand Dollar Forecasts

GBP USD Exchange Rate Rises as UK Services PMI Rises

4 Oct 2017 at 4 PM - Written by John Cameron

The Pound US Dollar (GBP USD) exchange rate rebounded from a week-week low today as investors became a little more upbeat following the release of the UK’s latest Service PMI. Sterling Strengthened by Service PMI The Pound stuck higher against the US Dollar this morning after two consecutive days of decline as markets welcomed an uptick in activity in the UK’s service sector last month. According to data compiled by...

CATEGORIES: Pound Dollar Forecasts

Daily GDP NZD Update: Pound Ticks Up on Higher Services Score

4 Oct 2017 at 3 PM - Written by Frank Davies

On Tuesday’s trading session, the Pound advanced slightly against the New Zealand Dollar. Opening at an exchange rate of 1.8467, the GBP/NZD pairing later closed at 1.8484. Today’s Pound Influencers – Higher UK Services Score but ‘Disastrous’ May Speech Today’s primary UK economic data has covered PMIs, which look at the level of economic activity. Earlier in the week, both the UK manufacturing and construction...

CATEGORIES: Pound New Zealand Dollar Forecasts

GBP AUD Fluctuates as the UK’s Service Sector Demonstrates Growth

4 Oct 2017 at 2 PM - Written by Toni Johnson

The Pound Australian Dollar exchange rate has fluctuated today with the ‘Aussie’ Dollar initially taking the lead on the relative weakness of the US Dollar, before the UK’s robust service sector PMI successfully propelled Sterling to the forefront in the afternoon. GBP Climbs on Wednesday’s Robust PMI Data The Pound inched higher on Wednesday with the UK’s Markit service sector business activity index rising to...

CATEGORIES: Australian Dollar Forecasts